This dissertation is an exploration into the fields of sustainable development, property investment and valuation. It investigates the rationale for immediately and rigorously integrating sustainability issues into property valuation theory and practice and proposes theoretical and practical options for valuers on how to address sustainability issues within valuation reports. It is argued that the perception of property as a commodity is changing to emphasize sustainable design features and performance characteristics as important determinants of a property's worth and market value.

This concise textbook is a user-friendly introduction to property valuation for students and practitioners who are new to the subject. The text covers the following key areas of study: valuation and markets, methods of valuation, the investment method in detail, taxation and statutory valuations, and the development appraisal and finance. It is packed with worked examples and photos, and covers the five main methods of valuation, their application in a variety of markets and their relation to the wider economic context. It aims to build knowledge and develop a subject vocabulary. This text is aimed primarily at undergraduates or students on postgraduate conversion courses in estate management, property, surveying, planning, design and construction disciplines. Professional advisors such as bankers, financial advisors, accountants, investors, analysts and lawyers should also find this text useful as an aid to their dealings in the property sector. New to this Edition: - Discussion on the impact of sustainability on valuation - End of chapter self-assessment questions provoke reflection with outline answers at the back of the book - Each chapter begins with key aims and a list of key terms with their definitions - Photographs illustrate different property characteristics and settings - Includes even more worked examples, including buy-to-let residential properties and affordable housing

To operate effectively in today’s dynamic global real estatemarkets, it is essential to understand the complex processes thatunderpin them. This up-to-date work, which brings togethercontributions from industry and academic experts from around theworld, is a valuable corollary to effective investmentdecision-making within the property sector and will be of interestto post-graduate property students, researchers and practising realestate investors. Recent years have seen some rapid developments in the globalscale and structure of real estate markets. Such transformationshave been paralleled by significant changes in the financialstructures, and processes that serve these markets, includingsophisticated new investment and finance structures and products.Examples of these include the real estate investment trusts (REIT)products that have been developed in USA, Europe and Asia, therange of unlisted products emerging in UK and Europe, and theinnovative financing structures being developed in manycountries. Global Trends in Real Estate Finance addresses thisemerging complexity and sophistication in contemporary real estatemarkets by discussing the history, merits and implications of arange of products and processes. Also examined are the changes inthe practices and environment needed to ensure the success of theseproperty products, including increased disclosure, corporategovernance, market transparency and improved skills base. Chapters are written by leading international contributors, bothacademic and practitioner. The context is explicitly international,with a focus on UK, Europe, Asia, Australia and the USA. The aim isto identify specific market areas to describe the key innovations,rather than simply providing a description of various geographicalmarkets.

Developing Property Sustainably introduces readers to the key issues surrounding sustainable property development in the global marketplace. Pulling together received wisdom and original research, the authors provide a clear and practical overview of the sustainable property development process as well as a critical appraisal of the problems faced by global built environment stakeholders. Throughout, the authors demonstrate how the property development industry could and should respond better to debate on sustainable practices in the built environment by adopting more rigorous measurement techniques and sustainable approaches. Starting by exploring key definitions and stakeholders, the book goes on to explore finance, planning, construction, procurement, occupation, retrofit and lifecycle sustainability in order to provide the reader with a detailed understanding of all the issues involved in the delivery of sustainable property development from inception to occupation and beyond. Throughout the book, international case studies are used to demonstrate how sustainable property development is applied in practice around the world. With a logical chapter structure and accessible writing style, Developing Property Sustainably would be perfect for use on undergraduate and postgraduate modules and courses in real estate development, property and urban development and other built environment programmes.

A new framework for understanding the underpinnings of real estate property value and the role it plays in the larger economy Value in a Changing Built Environment examines the professional foundations on which the valuation exercise and the valuation profession rest. Written by noted experts in the field, the book addresses the often limited understanding of the concept of property value by explaining the intrinsic linkages between economic, environmental, social, and cultural measures and components of property value. The book offers a framework that paves the way towards a more holistic approach to property value. Value in a Changing Built Environment unwraps many of the traditional assumptions that have underpinned market participants’ decision making over the last few decades. The authors explore the concept that a blindfold application of valuation theories and approaches adopted from finance is unlikely to be able to cope with the nature of property as an economic and public good. This vital resource: Explains the criteria for making estimates of value that can be applied worldwide Offers an integrated approach to property value and the valuation processes Captures the often illusive intangibles such as environmental performance into valuation Addresses a market failure to account for wider criteria on building performance Value in a Changing Built Environment examines how real estate valuation plays a pivotal role in decision making and how can a new body of knowledge improve the practice in both business and social domains.